Kalyan Jewellers – Bearish Setup RSI: Below 70 → no overbought condition, but momentum is moderating. MACD: Above zero, but bearish momentum is developing. Price Action: Bearish engulfing after an uptrend. Retest: Retest followed by a closing candle strengthens the bearish confirmation. Sell Entry: Below ₹608 Stop Loss: ₹638 Target 1: ₹562 Target 2: ₹542 View: 🔴 Below ₹608, bearish momentum can strengthen toward ₹562 and ₹542. A move back above ₹638 invalidates the setup. This is a technical setup, not a guaranteed outcome; use position sizing and risk management.

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